Fair use of Bankruptcy proceedings.

[knight1887]

I recieved a statutory demand for legal costs of a court case I lost, I attempted to have the demand dismissed but failed, there after I received an email from solicitors demanding I up and offer I had made to pay the costs off in monthly installments as well as a demand for a significant upfront payment and to name a gaurantor.
I had already explained before this email that I was offering the maximum amount I can pay at present, I responed to the email saying that I will not pay any more nor name a gaurantor, they then accepted my initial offer.

Its it strictly legal for them to use bankruptcy proceedings to try and force or bully me into paying more than I can afford?

[FlamingParrot]

Re: Fair use of Bankruptcy proceedings.

I recieved a statutory demand for legal costs of a court case I lost, I attempted to have the demand dismissed but failed, there after I received an email from solicitors demanding I up and offer I had made to pay the costs off in monthly installments as well as a demand for a significant upfront payment and to name a gaurantor.
I had already explained before this email that I was offering the maximum amount I can pay at present, I responed to the email saying that I will not pay any more nor name a gaurantor, they then accepted my initial offer.

Its it strictly legal for them to use bankruptcy proceedings to try and force or bully me into paying more than I can afford?

To clarify, are you saying they have a agreed to your monthly installment offer and they've agreed not to serve you with a BR petition?

Could you give us a bit more information about the case leading up to the statutory demand?

[knight1887]

Re: Fair use of Bankruptcy proceedings.

Hi, They have agreed to my monthly installment offer, and will not send me a BR petition unless I miss a payment. This offer was made when I tried to vary the original order, but they turned my offer down.

Back in may I lost an prolonged court case and was ordered to pay 10000 in costs within 3 months, I could not do this and applied to have the order varied, this was rejected my the other side and it was suppose to go to court, this however has not happened yet. at the beginning of october I was given a statutory demand and applied to have it varied, this was dismissed in november. I then recieved an email from the other side demanding I up my offer and pay a lump sum up front, and name a gaurantor, I rejected this and stated that I couldnt pay any more and for them to petition me for bankruptcy if they wished, although I also informed them I have no substantial assets which they already knew. They then accepted my offer, gave me bank details and ordered me to set up a standing order and the APR would be 8%.

[roteiro]

Re: Fair use of Bankruptcy proceedings.

If you are not very good at law, you should definitely ask a professional to help. If I need such a help or a consultation I always use some agencies like my-bankruptcy-law-advisor.com They do their job very responsibly and professionally. You will be pleased with the result.

[wales01man]

Re: Fair use of Bankruptcy proceedings.

Do you want to be made Bankrupt?

If so and it seems you are saying you have no assets for them to take?
Stop paying and call their bluff they threaten you so you do the same if that's want you want.